ERIC Number: ED185921
Record Type: RIE
Publication Date: 1977
Reference Count: 0
Cash Management and Short-Term Investments for Colleges and Universities.
Haag, Leonard H.
Effective cash management and short-term investing are discussed in this "how to" guide designed to benefit most institutions of higher education. The following premises are examined: proper compensation for effective cash management is not an expense but an investment; effective cash management and short-term investment programs do not depend on high market rate of investment return; one's goal can well be to keep 100 percent of available cash resources invested and still maintain adequate compensating balances in bank accounts; a good banker is one of the institution's greatest aids; and if cash accounts are not in a deficit position most of the time, the cash management program is not as effective as it should be. Part One covers daily cash management of college and university working capital dealing with such ideas as accounting principles, bank relations, cash receipts and cash flow projections. Part Two covers short-term investment of working capital discussing items such as certificates of deposit, liquidity, risk, and money market data. Appendices include a questionnaire, tabulation, short-term investment vocabulary, and common short-term investments. A bibliography is also provided. (LC)
Publication Type: Guides - Non-Classroom; Books; Tests/Questionnaires
Education Level: N/A
Authoring Institution: National Association of College and University Business Officers, Washington, DC.